Yamana Gold

Yamana Gold Inc.
FormerlyYamana Resources
Company typeSubsidiary
TSX: YRI
NYSE: AUY
IndustryMining
FoundedMarch 17, 1994
Headquarters,
Key people
Victor Bradley (CEO, 1994–2003)
Peter Marrone (CEO, 2003–18)
Daniel Racine (CEO, 2018-current)
ProductsGold, silver
Revenue
  • Decrease $1.612 billion (2019)
  • Decrease $1.799 billion (2018)
  • Increase $1.804 billion (2017
[1]
Number of employees
5,372 [2]
ParentPan American Silver
SubsidiariesCanadian Malartic Corporation
Minera Yamana Chile SpA
Estelar Resources S.A. (Argentina)
Jacobina Mineração e Comercio Ltd. (Brazil)
Websitewww.yamana.com

Yamana Gold Inc. is a Canadian company that owns and operates gold, silver and copper mines in Canada, Chile, Brazil and Argentina. Headquartered in Toronto, the company was founded in 1994 and became listed on the Toronto Stock Exchange in 1995, the New York Stock Exchange in 2007, and the London Stock Exchange in 2020. The company became a gold producer after its 2003 re-restructuring in which Peter Marrone took over as chief executive officer and it merged with Brazilian company Santa Elina Mines Corporation. The combined company was able to use Yamana's access to capital with Santa Elina development properties to bring the Chapada mine into production. From there the company combined with other TSX-listed companies RNC Gold, Desert Sun Mining, Viceroy Exploration, Northern Orion Resources, Meridian Gold, Osisko Mining and Extorre Gold Mines which each contributed either a producing mine or a development project that was able to come into commercial production. The company was acquired by Pan American Silver in March 2023.

The company was able to produce over 1 million ounces of gold per year between 2009 and 2016 until it spun off Brio Gold as a separate company with several of its Brazilian assets.[3] With the company facing criticism for its executive compensation packages and debt load, Daniel Racine replaced Marrone as CEO in 2018[4] and the company sold its Chapada and Gualcamayo mines.

The company has been recognized for its environmental, social, and governance (ESG) performance. In 2021, Yamana Gold was named as one of Canada's Best 50 corporate citizens by Corporate Knights.[5]

  1. ^ "Yamana Gold Financial Statements 2005–2020 | AUY". Macro Trends.
  2. ^ "Company Profile for Yamana Gold Inc (AUY)" (PDF). Retrieved 2020-02-16.
  3. ^ "Yamana Gold Closes Brio Gold Purchase Rights Offering; Brio to Begin Trading on TSX". Junior Mining Network. 23 December 2016. Retrieved December 23, 2016.
  4. ^ "Yamana Gold founder Marrone shifts from CEO to executive chairman – BNN Bloomberg". BNN. The Canadian Press. 2018-08-08. Retrieved 2020-04-10.
  5. ^ "Meet 2021's Best 50 Canadian corporate citizens". Corporate Knights. 2021-06-30. Retrieved 2021-07-20.

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